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Padma Bhushan awardee Michael Ferreira and Former world billiards champion Michael Ferreira and three others have been arrested by Hyderabad Police in connection with an FIR registered against them, they were alleged in multi-crore rupee fraud involving themulti-level marketing company QNet.

Padma Bhushan awardee Michael Ferreira and Former world billiards champion Michael Ferreira and three others have been arrested by Hyderabad Police in connection with an FIR registered against them, they were alleged in multi-crore rupee fraud involving themulti-level marketing company QNet.

The Central Crime Station (CCS), a wing of Hyderabad Police, has made a break through in a case of cheating which involved QNet and its Indian subsidiary M/s Vihaan Direct Selling India Pvt Ltd, by arresting four directors of Vihaan,Deputy Commissioner of Police (Detective Department) Avinash Mohanty told reporters.

Michael Joseph Ferreira (78), Malcom N Desai, M V Balajiand Srinivas Rao, all directors and shareholders of VihaanDirect Selling India Pvt Ltd who were earlier arrested in Mumbai by Maharashtra Police, have been brought to city on PT (production transit) warrants and arrested, the DCP said.

On October 13 last year, a complaint was lodged by one Suman Ghosh, an assistant manager in a private bank,wherein he stated that he paid Rs 16 lakh (via DD) in the name of Vihaan Direct Selling India Pvt Ltd, on the promise of getting business. But, they did not give him any business despite collecting the amount.

Based on the complaint, a case under sections 406(criminal breach of trust) and 420 (cheating) of IPC, besides relevant sections of Prize, Chits and Money Circulation Schemes (Banning) Act, Mohanty said.

He said during the course of investigation into the case registered, on October 8 (this year) they received an information from the EOW wing of Mumbai Police that the four accused persons, who are directors of Vihaan Direct Selling India Pvt Ltd, were arrested and remanded in judicial custody.Subsequently, Hyderabad Police filed an application at a court in Mumbai seeking their custody in connection with the case registered by them.The Mumbai court then granted transit remand and the Hyderabad Police took Padma Bhushan recipient Ferreira and three others into custody and brought them to the city late last night.